Business Resources for COVID-19
Kilmarnock Strong CARES Small Business Grant
*The application period that began on 07/26/2020 has closed on 08/02/2020. There may be additional funds for an additional round of funding as we are planning a second round for early Fall. Businesses in need of emergency relief are still encouraged to complete a Kilmanrock Strong CARES Small Business Grant in the event additional grant funds become available.*
The Town of Kilmarnock has identified $45,000 in emergency relief funds to support small businesses impacted by the COVID-19 pandemic. Funds are available as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act federal stimulus package. The Town will provide emergency financial support through the Kilmarnock COVID-19 CARES Small Business Grant Program for qualified small businesses that are negatively impacted by the COVID-19 pandemic due to orders to close or limit operations.
The Kilmarnock Strong CARES Small Business Grant Program will offer one-time grants of up to $1,000 to qualifying small businesses to assist businesses through the COVID-19 pandemic.
There is a limited amount of funds for this program. Grants will be committed and funded on a first-come, first-served basis based upon availability of funds, program guidelines, and submission of a complete application and supporting documentation
- Start of Applications: July 26
- Close of Applications: August 2
- Application Review: July 26 – August 2
- Forward of Approved List to EDA for Disbursements: August 3
- Announcement to Business of Approval: August 4
- Disbursement Date: August 7
Forward Virginia: Phase 3 Signs
Forward Virginia: Phase 3
Food Service Resources
- Paycheck Protection Program (PPP): The U.S. Small Business Administration (SBA) will guarantee loans with terms of up to 10 years and interest rates of up to 4% to businesses with fewer than 500 employees. Businesses can qualify for loans of up to $10 million, and the loans will be provided by lenders including banks and credit unions. Eligible businesses can get loan deferment for six months to a year, and the loan may be forgiven if the businesses maintains its payroll for eight weeks at employees’ normal salary levels. Learn More >>
- Economic Injury Disaster Loans (EIDL): SBA is providing working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. Loans carry an interest rate of 3.75% for small businesses and 2.75% for nonprofits. Loan repayment terms vary by applicant, up to a maximum of 30 years.
- Emergency grant of $10,000 to SBA Economic Injury Disaster Loan applicants: If your business is denied a loan, applicants can still access this grant, which can be used to provide employee sick leave, maintain payroll or meet other needs like paying rent.
The U.S. Small Business Administration (SBA) coronavirus resource page provides a list of relief programs, and it offers guidance to small business owners during this crisis.
Restaurant & Food Service Resources
Facebook Small Business Grants Program
Find Remote Jobs During The Pandemic
Deferment of State Sales
Businesses impacted by COVID-19 can also request to defer the payment of state sales tax due tomorrow, March 20, 2020, for 30 days. When granted, businesses will be able to file no later than April 20, 2020 with a waiver of any penalties.
The Governor has requested that the Department of Taxation to extend the due date of payment of Virginia individual and corporate income taxes. While filing deadlines remain the same, the due date for individual and corporate income tax will now be June 1, 2020. Please note that interest will still accrue, so taxpayers who are able to pay by the original deadlines should do so.
Workers may be eligible to receive unemployment benefits if an employer needs to temporarily slow or cease operations due to COVID-19.
The Commissioner of the Virginia Employment Commission has been directed to waive the one-week waiting period so workers will not have to wait to receive unemployment benefits.
Includes a pay-as-you go rate and no minimum charges.
Additional Federal Resources
FEMA will offer recovery services to businesses and their employees once this outbreak has ended.
Per the USDA, there is NO problem with the food supply. There’s no need to stockpile off fear when there is no danger to the food supply.
For more information, visit www.CoronaVirus.gov.
The Centers for Disease Control issued guidance for businesses and employees.
The U.S. Department of Labor guidelines for how companies can prepare their workplace for COVID-19. In addition, the Occupational Safety and Health Administration (OSHA) launched a COVID-19 website with information specifically for workers and employers.